2012 in review: Business winners and losers

The UBS trader was found guilty in November of the biggest fraud in British
history, and jailed for seven years.

His activity came to light after he sent his bosses an email detailing his
activities in mid September 2011. It read: “I take full responsibility for
my actions and the s*** storm that will now ensue. I am deeply sorry to have
left this mess for everyone and to have put my bank, and my colleagues at
risk.”

The £1.4bn loss he caused - revealed when Adoboli sent a bombshell email to
colleagues - wiped around 10pc or £2.8bn off UBS' share price

Adoboli will serve half his sentence minus a year already spent in custody - a
total of two and a half years.